RP Among Most Corrupt Economies in Asia – Survey

by Maria Sunantha Quibilan/Asianjournal.com

LOS ANGELES – The Philippines is perceived as having one of the most corrupt economies in Asia, according to a survey conducted by a Hong Kong-based consultancy firm of 1,400 expatriate businessmen last January and February

Results of the latest survey by the Political and Economic Risk Consultancy (PERC) which were released Monday

revealed that the Philippines, along with Thailand, Indonesia and China, as being perceived in the worst light in terms of corruption.

Under the 10-point grading system used by PERC in which zero is the best score and 10 the worst, the Philippines scored 9.0. Thailand ranked second with a score of 8.0, followed by Indonesia and China which both scored 7.98.

Singapore and HongKong remained, as in the previous years, as the countries deemed to have the cleanest economies.

Corruption remains a problem in Asia despite huge economic progress made over the years, with governments generally lacking the political will to tackle the problem, PERC said.

In a summary report made available to Agence France-Press, the firm said that “the Philippines is a sad case when it comes to corruption.”

The country’s situation is “probably no worse than in places like Indonesia and Thailand” but corruption has become politicized and is openly discussed in the media, unlike in authoritarian countries like China and Vietnam.

Malacañang has yet to issue a statement reacting to the PERC survey, according to a report on GMA 7’s 24 Oras.

The survey is conducted annually by PERC and covers only 13 economies in Asia, excluding those countries already notorious for corruption, such as Myanmar and Bangladesh.

According to the PERC website, regional managers of 100 multinational banks and companies, “people who have first hand experience with the problem,” are those who take part in the poll.

The firm conducts such studies in order to provide, according to its website, “strategic business information and analysis for companies doing business in the countries in East and Southeast Asia.”

(www.asianjournal.com)

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